As bitcoin is spinning up around the world, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a sender can remain unidentified while forwarding their digital currencies and it came to light that it is untrue. Because of public administration controls, the transactions are traceable which means that a user’s electronic address and even personal identification information can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a cryptocurrency mixer.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is a straightforward way to blend several parts of it with other coins. After all a user gets back an equal quantity of coins, but blended in a completely different set. As a result, there is no possibility to trace the transaction back to a user, so one can stay calm that personal identification information is not uncovered.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These traces are important for the government to track back illegal transactions, such as purchasing weapon, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency tumbling services and secure sender’s personal identity. Many bitcoin holders do not want to inform everyone the amount they gain or how they use up their money.
There is a belief among some web surfers that using a scrambler is an illegal action itself. It is not entirely correct. As mentioned before, there is a possibility of crypto mixing to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no reason to worry. There are many services that are here for cryptocurrency owners to mix their coins.
Nevertheless, a crypto holder should be careful while picking a crypto mixer. Which service can be trusted? How can a crypto holder be certain that a tumbler will not steal all the deposited coins? This article is here to answer these concerns and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the top existing mixers that were chosen by customers and are highly recommended. Let’s look into the listed mixers and explain all options on which attention should be focused.
Surely all tumblers from the table support no-logs and no-registration rule, these are essential options that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to combine coins between the currencies which makes transactions far less trackable.
There is one option that is not displayed in the above table and it is time-delay. This option helps a user and a transaction itself to stay incognito, as there is a gap between the deposited coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CryptoMixer is one of the best Bitcoin mixers that has ever existed. This scrambler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to swap the coins, in other words to send one type of coins and receive them in another currency. This process even increases user’s confidentiality. Time-delay feature makes a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One completely unique crypto tumbler is ChipMixer because it is based on the absolutely different principle comparing to other mixers. A user does not simply deposit coins to mix, but creates a wallet and funds it with chips from 0.02 BTC to 9.121 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing platform beforehand, next transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually clear all logs before the end of this period. Another mixing service Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.